Harrods MD Michael Ward is upbeat on the change the next few years will bring but says it will be tough for rivals without a USP as the store spends mega-money to focus on experiences, Millennials and the global shopper.

Claire’s Stores Inc said on Monday it filed for Chapter 11 bankruptcy protection and expects to reduce debt by about $1.9 billion, as the struggling retailer of girls’ accessories combats a fall in mall traffic.

Wolford is clearly on the recovery trail but changes in the way department stores display hosiery dented its wholesale turnover in key markets like the US, UK, France and Germany in the first nine months of the year.

British Formula One champion Lewis Hamilton has been unveiled as the new face of all Tommy Hilfiger's menswear labels, further deepening the brand's ties to motor racing following the launch of its Mercedes deal.